The Netherlands and Inter Milan midfielder Wesley Sneijder has had his contract talks of a new deal stalled due to financial reasons, putting both Manchester United and Chelsea on alert to see how the situation develops.

Both Manchester United and Chelsea are known to be interested in aquiring the player, who last year won the Treble for Inter Milan under coach Jose Mourinho, and made it through to the final of the World Cup in South Africa this summer.

Talks between Sneijder and Inter Milan have been called off according to the players agent, Soren Lerby, saying.

“Financially we cannot work out a deal. Negotiations have been called off and will only be restarted if Inter show an opening. Wesley was contacted by clubs across Europe after the World Cup final, but he was very happy in Italy at Inter.”

The Chelsea and Man United target has only been at the club for one full season and therefore looked to be staying on, much to the disappointment of admirers, Carlo Ancelotti and Sir Alex Ferguson.

Lerby continued.

“He felt he could not leave the club after just one season and the very flattering words of owner Massimo Moratti, who stated he would be the leader for the coming years. Wesley would get a fantastic wage and he would get a clause with a high transfer fee. Unfortunately Inter couldn’t keep their promise.”

The news will obviously please both British clubs at Old Trafford and Stamford Bridge, and should contract talks continue to falter, they may have to look to raise around £25m to tempt Inter Milan to let Sneijder go.